The name Allfunds may not sound familiar to a large group of retail investors. The company operates in the corporate market (B2B) so as an individual you won't easily come across this financial services provider. However, the sizeable company Allfunds is an important pivot in its segment and is also in the pipeline for acquisition. After a weak period in the stock market, there has been a turnaround this year, giving the stock opportunities for you as an investor in the coming year. Time for a closer look and analysis to determine what opportunities Allfunds can offer us in the stock market in 2026.
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Allfunds Group:
Allfunds is not an ordinary bank or investment platform for retail clients, but a global digital intermediary and technology company that makes the complex world of fund transactions simpler and more efficient for professional players in the financial sector. The company thereby helps financial institutions efficiently distribute and manage mutual funds and similar products. As reported, the company operates B2B (business-to-business) and focuses on connecting fund houses (such as BlackRock, Franklin Templeton and Morgan Stanley) with distributors such as banks, asset managers and insurers through a single digital platform.
Allfundswas founded in 2001, with origins in Spain. The holding company Allfunds Group plc is listed on Euronext Amsterdam in the AMX (Midcap). The group also has a full-fledged banking arm through Allfunds Bank S.A.U., which has a Spanish banking license and is supervised by the European Central Bank and the Bank of Spain.
With over a thousand employees, the company operates in more than 60 countries with regional offices in Europe, Latin America, Asia and the Middle East. The platform manages a very large volume of Assets under Administration (AuA) of over €1.7 trillion from thousands of distributors and more than three thousand fund providers worldwide. This delivered a 16% increase in revenue to €658 million by 2024. That year did have to end with a net loss due to investment in technology, expansion of services, personnel costs and costs associated with integration of platform services. For the second quarter of 2025, Allfunds returned to a tidy profit of about €40 million. Based on the current share price of €8, the company is worth €4.7 billion.
What are the recent developments at Allfunds?
One important development is that since November 2025 Allfunds has been in talks with Deutsche Börse about a possible takeover of about €5.3 billion. This is €8.80 per share and also a sign of interest from major financial players to strengthen the European fund domain.
For the first half of 2025, the company reported net sales of €316.8 million, up about 6.2% year-on-year. Starting in May 2025, the company repurchased its own shares. This program was intended to create value for shareholders and build confidence in the stock price.
Annabel Spring, started her position as Chief Executive Officer in June 2025. She took over from founder and former CEO Juan Alcaraz, who stepped down after 25 years of leadership and remained as an advisor for the transition. Analysts see her arrival as a potential trigger to release "latent value," thanks in part to her international experience in private banking and growth strategy.
What are analysts' views on Allfunds?
Both technical analysts and fundamental analysts have the stock on BUY with an average price target for the next 12 months of €8.76. The most optimistic price target comes from ING bank and stands at €12.80.
The arguments for an expected share price increase are a strong platform with important economies of scale and network position, possible acquisition by Deutsche Börse with premium bid, appointment of new CEO and growth in revenues and (medium-)long term earnings potential.
What is our view on Allfunds' share price?
Below is Allfunds' share price chart since the start of its listing in April 2021.
After its introduction at €11.60, the price managed to climb to over €17. In 2022, the share price fell hard because of sharply rising inflation and rising interest rates. Fund assets declined and investors lowered their expectations. The share price fell below €5.
This situation is behind us and in 2024 there is a lot invested in the future. Deutsche Borse's interest in the acquisition boosted the share price to the current €8.
Our algorithm gives a most likely scenario with a rise to €11.60. The €8.80 is penciled in as that is the first tentative takeover bid. We expect that in the coming period, possibly under Deutsche Borse, there will be an increasing demand for Allfunds' services which will bring the valuation back to the level of the introductory price.
Conclusion:
Allfunds has emerged from the difficult times and has invested well in development and future growth. Together with a strong owner/partner, we expect a substantial recovery in the share price in the coming year.
You might consider taking the stock for a modest share in your portfolio. The potential is around 10% according to analysts but we expect further growth to €11.60 (+45%). Of importance is that the acquisition by a strong party succeeds.
If the ongoing takeover talks are delayed, you have to reckon with an interim fall in the share price to around €6. Nevertheless, Allfunds is in the spotlight and can grow substantially in future profitability with the new owner/partner.
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.